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STATE FARM INSURANCE LICENSE EXAM QUESTIONS AND ANSWERS LATEST 2024 UPDATE

Abandonment Condition - ️️A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - ️️A loss that occurs at a specific time and place Actual Cash Value (ACV) - ️️Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - ️️Company that meets a state insurance dep...

Abandonment Condition - Answer-A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - Answer-A loss that occurs at a specific time and place Actual Cash Value (ACV) - Answer-Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - Answer-Company that meets a state insurance de...

State Farm Insurance License Exam Questions and Answers (2022/2023) (Verified Answers) Abandonment Condition A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident A loss that occurs at a specific time and place Actual Cash Value (ACV) Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; auth...

State Farm Insurance License Exam Questions and answers

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State Farm Insurance License Exam 2024 Answered 100% Correct

STATE FARM INSURANCE LICENSE EXAM 2024 WITH 100% CORRECT ANSWERS Abandonment Condition - correct answer A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - correct answer A loss that occurs at a specific time and place Actual Cash Value (ACV) - correct answer Today's replacement cost minus depreciation. Depreciation from...

Abandonment Condition - ANSWERSA condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - ANSWERSA loss that occurs at a specific time and place Actual Cash Value (ACV) - ANSWERSToday's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - ANSWERSCompany that meets a state insurance...